FBL vs. QCOM
FBL (GraniteShares 2x Long META Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while QCOM (QUALCOMM Incorporated) is a stock. Over the past 3 years, FBL returned 26.86%/yr vs 24.31%/yr for QCOM. At a 0.36 correlation, their price movements are largely independent.
Performance
FBL vs. QCOM - Performance Comparison
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Returns By Period
In the year-to-date period, FBL achieves a -27.71% return, which is significantly lower than QCOM's 30.40% return.
FBL
- 1D
- 9.61%
- 1M
- -8.38%
- YTD
- -27.71%
- 6M
- -25.34%
- 1Y
- -39.27%
- 3Y*
- 26.86%
- 5Y*
- —
- 10Y*
- —
QCOM
- 1D
- 4.29%
- 1M
- 9.99%
- YTD
- 30.40%
- 6M
- 24.43%
- 1Y
- 45.72%
- 3Y*
- 24.31%
- 5Y*
- 12.76%
- 10Y*
- 18.41%
FBL vs. QCOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | -27.71% | 0.50% | 112.72% | 341.59% | -1.38% |
QCOM QUALCOMM Incorporated | 30.40% | 13.84% | 8.31% | 35.07% | -9.30% |
Correlation
The correlation between FBL and QCOM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.36 |
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Return for Risk
FBL vs. QCOM — Risk / Return Rank
FBL
QCOM
FBL vs. QCOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and QUALCOMM Incorporated (QCOM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBL | QCOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.23 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.39 | -2.03 |
| Martin ratioReturn relative to average drawdown | -1.15 | 3.08 | -4.23 |
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Drawdowns
FBL vs. QCOM - Drawdown Comparison
The maximum FBL drawdown since its inception was -61.15%, smaller than the maximum QCOM drawdown of -86.75%. Use the drawdown chart below to compare losses from any high point for FBL and QCOM.
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Drawdown Indicators
| FBL | QCOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -86.75% | +25.60% |
Max Drawdown (1Y)Largest decline over 1 year | -61.03% | -33.13% | -27.90% |
Max Drawdown (3Y)Largest decline over 3 years | -61.15% | -44.23% | -16.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.29% | — |
Current DrawdownCurrent decline from peak | -53.15% | -11.71% | -41.44% |
Average DrawdownAverage peak-to-trough decline | -16.74% | -32.87% | +16.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.14% | 14.90% | +19.24% |
Volatility
FBL vs. QCOM - Volatility Comparison
The current volatility for GraniteShares 2x Long META Daily ETF (FBL) is 22.91%, while QUALCOMM Incorporated (QCOM) has a volatility of 26.79%. This indicates that FBL experiences smaller price fluctuations and is considered to be less risky than QCOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBL | QCOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.91% | 26.79% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 54.73% | 42.38% | +12.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.77% | 48.72% | +23.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.21% | 41.22% | +29.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.21% | 39.31% | +31.90% |
Dividends
FBL vs. QCOM - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 2.87%, more than QCOM's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 2.87% | 2.07% | 0.00% | 51.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCOM QUALCOMM Incorporated | 1.63% | 2.06% | 2.18% | 2.18% | 2.67% | 1.47% | 1.69% | 2.81% | 4.27% | 3.50% | 3.17% | 3.72% |
Frequently Asked Questions
FBL and QCOM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCOM has higher volatility (26.79%) compared to FBL (22.91%). In terms of maximum drawdown, FBL dropped -61.15% vs QCOM's -86.75%.
QCOM currently has the higher Sharpe Ratio (0.94 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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